The Interstate Commerce Commission (ICC) (1887–1995) was the very first attempt by Congress and/or the federal government to regulate the railroads; regulation had previously come solely from the states

Indicate whether the statement is true or false


True

Economics

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Why are firms in oligopoly interdependent?

What will be an ideal response?

Economics

The most important U.S. anti trust law:

a. Hampton Act b. Rule of Reason c. Sherman Act d. Wagner Act e. All of the above

Economics

For most firms, economic profit is:

a. less than accounting profit. b. equal to accounting proft c. greater than accounting profit. d. negative

Economics

The main purpose of HMOs and PPOs is to:

A. reduce health care costs for employers and their employees. B. reduce medical malpractice suits. C. enable groups of physicians to increase their fees. D. direct patients to specialists rather than to more expensive primary-care physicians.

Economics